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Nonprofiteer
← VALLEY ELECTRIC ASSOCIATION INC

Form 990 for tax year 2024

Filed by VALLEY ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$102,012,938
Total expenses
$102,038,970
Contributions and grants received
$0
Grants paid
$169,205
Program service revenue
$101,372,599
Investment income
$450,868
Other revenue
$189,471
Total assets, end of year
$352,803,144
Total liabilities, end of year
$262,162,606
Net assets or fund balances, end of year
$90,640,538
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SALES OF ELECTRICITY

    total $81,701,472 · related or exempt $81,701,472

  • 2b · Program service revenue: BROADBAND REVENUE

    total $10,425,663 · related or exempt $9,303,723 · unrelated business $1,121,940

  • 2c · Program service revenue: WHEELING & TRANSMISSION REVENUE

    total $8,126,746 · related or exempt $8,126,746

  • 2d · Program service revenue: PATRONAGE DIVIDENDS

    total $1,003,185 · related or exempt $1,003,185

  • 2e · Program service revenue: SERVICE FEES

    total $115,533 · related or exempt $115,533

  • 3 · Investment income

    total $432,138 · excluded $432,138

  • 6a · Gross rents

    real property $89,070

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $89,070

  • 6d · Net rental income or loss

    total $89,070 · excluded $89,070

  • 7a · Gross sales of assets other than inventory

    other assets $82,340

  • 7b · Less cost or other basis and sales expenses

    other assets $63,610

  • 7c · Gain or loss

    other assets $18,730

  • 7d · Net gain or loss

    total $18,730 · related or exempt $18,730

  • 10a · Gross sales of inventory

    $6,750

  • 10b · Cost of goods sold

    $19,302

  • 10c · Net income from sales of inventory

    total -$12,552 · related or exempt -$12,552

  • 11a · Other revenue: POLE ATTACHMENT INCOME

    total $112,953 · excluded $112,953

  • 11e · Other revenue, total

    $112,953

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $140,955

  • 2 · Grants to domestic individuals

    total $28,250

  • 4 · Benefits paid to or for members

    total $5,406,850

  • 5 · Compensation of officers, directors and key employees

    total $3,585,577

  • 7 · Other salaries and wages

    total $8,805,301

  • 8 · Pension plan contributions

    total $3,237,483

  • 9 · Other employee benefits

    total $2,132,361

  • 10 · Payroll taxes

    total $878,657

  • 20 · Interest

    total $10,882,129

  • 22 · Depreciation, depletion and amortization

    total $10,945,714

  • 24a · Other expenses: PURCHASED POWER

    total $33,838,561

  • 24b · Other expenses: TRANSMISSION EXPENSE

    total $9,276,944

  • 24c · Other expenses: DISTRIBUTION EXPENSE

    total $8,569,046

  • 24d · Other expenses: ADMINISTRATIVE & GENERA

    total $2,828,568

  • 24e · All other expenses

    total $1,482,574

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,818,374 · end of year $7,063,950

  • 4 · Accounts receivable

    beginning of year $5,691,478 · end of year $4,218,806

  • 7 · Other notes and loans receivable

    beginning of year $3,246,714 · end of year $3,308,689

  • 8 · Inventories for sale or use

    beginning of year $5,805,452 · end of year $6,658,808

  • 9 · Prepaid expenses and deferred charges

    beginning of year $48,237,263 · end of year $45,869,048

  • 10a · Land, buildings and equipment: cost or other basis

    $421,384,961

  • 10b · Land, buildings and equipment: accumulated depreciation

    $149,198,973

  • 10c · Land, buildings and equipment, net

    beginning of year $248,571,271 · end of year $272,185,988

  • 12 · Investments: other securities

    end of year $364,940

  • 13 · Investments: program-related

    beginning of year $9,249,992 · end of year $9,560,897

  • 15 · Other assets

    beginning of year $4,133,496 · end of year $3,572,018

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,747,501 · end of year $10,153,674

  • 23 · Secured mortgages and notes payable

    beginning of year $223,141,352 · end of year $229,758,144

  • 25 · Other liabilities

    beginning of year $10,061,105 · end of year $22,250,788

  • 29 · Capital stock, trust principal or current funds

    beginning of year $143,660 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $87,660,422 · end of year $90,640,538

Mission and programs · 2024

Mission

IMPROVING THE LIVES OF THE PEOPLE AND COMMUNITIES WE SERVE.

Activities or mission (Part I)

TO PROVIDE QUALITY AND RELIABLE ELECTRIC AND INTERNET SERVICE TO MEMBERS OF THE COOPERATIVE.

  • PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 25,236 ACTIVE SERVICES AT YEAR END.

  • PRIOR TO THE MEMBERSHIP APPROVED BYLAW AMENDMENTS IN 2018, THE COOPERATIVE PROVIDED INTERNET/BROADBAND SERVICES TO ALL SUBSCRIBERS ON A NON-PATRONAGE AND UNRELATED BUSINESS INCOME BASIS. ONE OF THE MEMBERSHIP APPROVED BYLAW AMENDMENTS IS TO PROVIDE INTERNET/BROADBAND SERVICES TO MEMBERS ON A PATRONAGE, NONPROFIT BASIS. THEREFORE, THE COOPERATIVE HAS EXPANDED ITS EXEMPT PURPOSES TO INCLUDE THE PROVISION OF INTERNET/BROADBAND SERVICES TO MEMBERS ON A PATRONAGE BASIS. SUCH SERVICES CONTINUE TO BE PROVIDED TO NON-MEMBERS ON A NON-PATRONAGE BASIS. THERE WERE 11,092 ACTIVE SERVICES AT YEAR END.

  • SOLPOWER AND SOLPOWER CAPITAL (SOLPOWER) ARE WHOLLY OWNED SUBSIDIARIES OF VEA; SOLPOWER WAS FORMED IN 2020 TO PROVIDE SOLAR POWER SERVICES TO MEMBERS OF VEA.

As filed on the 2024 return.

Listed in Part VII

  • Michelle Caird

    PRESIDENT

    Total calculated
    $24,800
    From this org
    $24,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    14.3 + 1 related

  • Kathleen Keyes

    VICE-PRESIDENT

    Total calculated
    $20,600
    From this org
    $20,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    13.8 + 1 related

  • Frank Jarvis

    SECRETARY

    Total calculated
    $20,400
    From this org
    $20,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Bruce Holden

    DIRECTOR

    Total calculated
    $21,200
    From this org
    $21,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.3

  • Mike Cottingim

    TREASURER

    Total calculated
    $21,800
    From this org
    $21,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    12 + 1 related

  • William McMahan

    DIRECTOR

    Total calculated
    $21,700
    From this org
    $21,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    11.9

  • Michael Kaucky

    DIRECTOR

    Total calculated
    $20,400
    From this org
    $20,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 1 related

  • Mark Stallons

    CEO

    Total calculated
    $542,689
    From this org
    $414,462
    From related orgs
    $0
    Other
    $128,227
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $399,984
    Bonus
    $0
    Other
    $14,478
    Deferred
    $103,740
    Nontaxable benefits
    $24,487
    Filer's total
    $542,689

  • Robby Hamlin

    CEO (DEC)

    Total calculated
    $34,990
    From this org
    $32,885
    From related orgs
    $0
    Other
    $2,105
    Hours/week
    50

  • Terri George

    CFO

    Total calculated
    $339,470
    From this org
    $257,316
    From related orgs
    $0
    Other
    $82,154
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $231,857
    Bonus
    $0
    Other
    $25,459
    Deferred
    $57,667
    Nontaxable benefits
    $24,487
    Filer's total
    $339,470

  • Frederick Wolff

    CFO (OCT-DEC)

    Total calculated
    $71,597
    From this org
    $66,462
    From related orgs
    $0
    Other
    $5,135
    Hours/week
    60

  • Logan Gernet

    VP OPS, ENGINEERING & POWER SUPPLY

    Total calculated
    $327,336
    From this org
    $272,736
    From related orgs
    $0
    Other
    $54,600
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $254,382
    Bonus
    $0
    Other
    $18,354
    Deferred
    $23,793
    Nontaxable benefits
    $30,807
    Filer's total
    $327,336

  • Mathew King

    VP MEMBER AND MANAGED SERVICES

    Total calculated
    $257,190
    From this org
    $200,304
    From related orgs
    $0
    Other
    $56,886
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $184,053
    Bonus
    $0
    Other
    $16,251
    Deferred
    $32,758
    Nontaxable benefits
    $24,128
    Filer's total
    $257,190

  • Gabriel Deguzman

    DIR TRANSMISSION SERV & LOAD MNGMT

    Total calculated
    $286,335
    From this org
    $227,834
    From related orgs
    $0
    Other
    $58,501
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $224,322
    Bonus
    $0
    Other
    $3,512
    Deferred
    $27,694
    Nontaxable benefits
    $30,807
    Filer's total
    $286,335

  • Jedidiah Ferguson

    DIR TRANSMISSION OPERATIONS

    Total calculated
    $264,081
    From this org
    $199,412
    From related orgs
    $0
    Other
    $64,669
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $181,454
    Bonus
    $0
    Other
    $17,958
    Deferred
    $33,862
    Nontaxable benefits
    $30,807
    Filer's total
    $264,081

  • Toni Powell

    DIR ENGINEERING

    Total calculated
    $245,285
    From this org
    $185,409
    From related orgs
    $0
    Other
    $59,876
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,589
    Bonus
    $0
    Other
    $2,820
    Deferred
    $29,069
    Nontaxable benefits
    $30,807
    Filer's total
    $245,285

  • Jack Venezio

    DIR NETWORK ENGINEERING & TELECOMMUNICATIONS

    Total calculated
    $282,112
    From this org
    $185,676
    From related orgs
    $0
    Other
    $96,436
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $170,997
    Bonus
    $0
    Other
    $14,679
    Deferred
    $60,462
    Nontaxable benefits
    $35,974
    Filer's total
    $282,112

  • Aaron Lynn

    MGR LINE OPERATIONS

    Total calculated
    $356,404
    From this org
    $174,070
    From related orgs
    $0
    Other
    $182,334
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $165,425
    Bonus
    $0
    Other
    $8,645
    Deferred
    $146,360
    Nontaxable benefits
    $35,974
    Filer's total
    $356,404

  • Amy Carlson

    DIR CORPORATE AFFAIRS AND COMMUNITY RELATIONS

    Total calculated
    $214,889
    From this org
    $161,984
    From related orgs
    $0
    Other
    $52,905
    Hours/week
    66

    Schedule J breakdown matched by us

    Base
    $147,051
    Bonus
    $0
    Other
    $14,933
    Deferred
    $22,098
    Nontaxable benefits
    $30,807
    Filer's total
    $214,889

  • Jessica Renneker

    DIR HUMAN RESOURCES AND SAFETY

    Total calculated
    $212,299
    From this org
    $160,076
    From related orgs
    $0
    Other
    $52,223
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $157,865
    Bonus
    $0
    Other
    $2,211
    Deferred
    $21,416
    Nontaxable benefits
    $30,807
    Filer's total
    $212,299

  • Robert Ball

    AREA FOREMAN

    Total calculated
    $259,061
    From this org
    $215,890
    From related orgs
    $0
    Other
    $43,171
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $208,078
    Bonus
    $0
    Other
    $7,812
    Deferred
    $31,514
    Nontaxable benefits
    $11,657
    Filer's total
    $259,061

  • Erik Stuhaan

    AREA FOREMAN

    Total calculated
    $273,296
    From this org
    $212,179
    From related orgs
    $0
    Other
    $61,117
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $207,679
    Bonus
    $0
    Other
    $4,500
    Deferred
    $34,878
    Nontaxable benefits
    $26,239
    Filer's total
    $273,296

  • Dillon Leiper

    AREA FOREMAN

    Total calculated
    $236,983
    From this org
    $202,003
    From related orgs
    $0
    Other
    $34,980
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $198,848
    Bonus
    $0
    Other
    $3,155
    Deferred
    $10,852
    Nontaxable benefits
    $24,128
    Filer's total
    $236,983

  • Luis Meza

    AREA FOREMAN

    Total calculated
    $270,150
    From this org
    $195,310
    From related orgs
    $0
    Other
    $74,840
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $188,506
    Bonus
    $0
    Other
    $6,804
    Deferred
    $38,866
    Nontaxable benefits
    $35,974
    Filer's total
    $270,150

  • Kevin Harrington

    JOURNEYMAN LINEMAN

    Total calculated
    $228,656
    From this org
    $190,011
    From related orgs
    $0
    Other
    $38,645
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $188,400
    Bonus
    $0
    Other
    $1,611
    Deferred
    $15,398
    Nontaxable benefits
    $23,247
    Filer's total
    $228,656

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTION TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. MARK STALLONS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 101,240 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 103,740 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (101,240) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 155,561 EXPENSE TO THE COOPERATIVE $ 158,061 AARON LYNN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 143,860 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 146,360 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (143,860) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 73,993 EXPENSE TO THE COOPERATIVE $ 76,493 TERRI GEORGE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 55,167 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 57,667 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (55,167) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 105,004 EXPENSE TO THE COOPERATIVE $ 107,504 LOGAN GERNET: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 21,293 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 23,793 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (21,293) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 113,782 EXPENSE TO THE COOPERATIVE $ 116,282 GABRIEL DEGUZMAN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 5,262 EMPLOYER CONTRIBUTION TO 401(K) PLAN 22,432 TOTAL REPORTED IN COLUMN C $ 27,694 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (5,262) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 28,928 EXPENSE TO THE COOPERATIVE $ 51,360 JACK VENEZIO: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 57,962 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 60,462 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (57,962) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 75,751 EXPENSE TO THE COOPERATIVE $ 78,251 ERIK STUHAAN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 32,378 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 34,878 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (32,378) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 62,350 EXPENSE TO THE COOPERATIVE $ 64,850 LUIS MEZA: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 36,366 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 38,866 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (36,366) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 60,474 EXPENSE TO THE COOPERATIVE $ 62,974 JEDIDIAH FERGUSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 31,362 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 33,862 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (31,362) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 81,162 EXPENSE TO THE COOPERATIVE $ 83,662 ROBERT BALL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 29,014 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 31,514 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (29,014) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 68,602 EXPENSE TO THE COOPERATIVE $ 71,102 MATHEW KING: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 30,258 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 32,758 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (30,258) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 81,162 EXPENSE TO THE COOPERATIVE $ 83,662 TONI POWELL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 10,810 EMPLOYER CONTRIBUTION TO 401(K) PLAN 18,259 TOTAL REPORTED IN COLUMN C $ 29,069 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (10,810) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 23,546 EXPENSE TO THE COOPERATIVE $ 41,805 DILLON LEIPER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 8,352 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 10,852 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (8,352) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 62,350 EXPENSE TO THE COOPERATIVE $ 64,850 KEVIN HARRINGTON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 3,403 EMPLOYER CONTRIBUTION TO 401(K) PLAN 11,995 TOTAL REPORTED IN COLUMN C $ 15,398 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (3,403) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 15,824 EXPENSE TO THE COOPERATIVE $ 27,819 AMY CARLSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 19,598 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 22,098 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (19,598) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 66,733 EXPENSE TO THE COOPERATIVE $ 69,233 JESSICA RENNEKER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 5,340 EMPLOYER CONTRIBUTION TO 401(K) PLAN 16,076 TOTAL REPORTED IN COLUMN C $ 21,416 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (5,340) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 20,020 EXPENSE TO THE COOPERATIVE $ 36,096

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • VALLEY ELECTRIC CHARITABLE FOUNDATION

    501(C)(3) · TO PROVIDE SCHOLARSHIPS AND GRANTS TO MEMBERS OF THE COOPERATIVE'S AREA. · NV · controlled entity

    Directly controlled by VALLEY ELECTRIC ASSOCIATION INC

  • VEA PAC

    527 · LOBBYING AT STATE AND FEDERAL LEVELS FOR RURAL ELECTRIC COOPERATIVES. · NV · controlled entity

    Directly controlled by VALLEY ELECTRIC ASSOCIATION INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • VALLEY ELECTRIC TRANSMISSION ASSOCIATION LLC

    TRANSMISSION OF ELECTRICITY. · NV · income $16,081,258 · assets $52,016,633

    Directly controlled by VALLEY ELECTRIC ASSOCIATION INC

  • VALLEY ELECTRIC ENERGY SERVICES LLC

    INACTIVE · NV · income $0 · assets $0

    Directly controlled by VALLEY ELECTRIC ASSOCIATION INC

  • VALLEY ELECTRIC UTILITY SERVICES LLC

    INACTIVE · NV · income $0 · assets $0

    Directly controlled by VALLEY ELECTRIC ASSOCIATION INC

  • VALLEY COMMUNICATIONS ASSOCIATION LLC

    TO PROVIDE BROADBAND SERVICES · NV · income $10,425,663 · assets $20,591,799

    Directly controlled by VALLEY ELECTRIC ASSOCIATION INC

  • SOLPOWER

    SOLAR POWER SERVICES · NV · income $681,168 · assets $4,308,186

    Directly controlled by VALLEY ELECTRIC ASSOCIATION INC

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202533179349309148

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